Natural gas liquids (NGLs) do not come from oil but from natural gas itself; they are extracted during natural gas processing and have approximately 67% of the heat content of crude oil, assuming all of them are used as fuel, but approximately 55% of NGLs (primarily ethane) are used to make plastics (baggies) rather than as fuel.
factualpending
Speaker
Art BermanEvidence Quote
“Natural gas liquids... have 67% of the heat content of crude oil... And that assumes that you're going to use it all as a fuel. And I just told you that 55% of it's used to make baggies.”
Source
Arthur Berman: "Peak Oil - The Hedonic Adjustment" | The Great Simplification #54— Nate HagensCreated: 8/12/2026, 5:55:57 PM
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